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Best Buy and American Express announced a new e-commerce partnership that enables U.S. card holders enrolled in membership rewards to use their points for online purchases at BestBuy.com. The points can be used by shoppers to make purchases for delivery, or buy online and pick-up in-store.
Walmart is kicking off Back to Class Cyber Days online, featuring 30 percent more "Rollbacks" on back-to-school items on its mobile app. Walmart's website traffic has doubled in the past two years on July 31 through August 3 as consumers turn their attention to BTS shopping.
E-commerce sales are expected to reach a whopping $3.5 trillion within the next five years. In 2015 alone, online will account for 7.3 percent of global retail sales, and a large portion of that growth will be fueled by e-commerce in the Asia-Pacific market, expected to grow 25 percent this year.
Central Co-op, a natural foods store in Seattle, has partnered with Instacart to offer shoppers groceries in as little as one hour. The new partnership will create some competition for Amazon Fresh, the Amazon grocery delivery service that launched in Seattle in 2007.
E-commerce start-up Tictail has raised $22 million in a Series B funding, led by Thrive Capital. The new funding will help Tictail to expand its mobile marketplace, where designers host storefronts in order to directly reach shoppers.
Almost three-quarters, 72 percent, of shoppers with the highest spending power in the United States have bought something via e-commerce in the last three months. While brick-and-mortar shopping still accounts for the bulk of luxury spending, e-commerce has increased 113 percent in the past 10 years, versus physical retail's 17 percent.
Amazon is developing a new drive-up concept for grocery items, according to sources close to the e-commerce retailer. Located in Silicon Valley, consumers would order grocery items online, then schedule a pickup at a dedicated facility.